Berkshire-Insured Housing Bonds Lowered by S&P on Parent’s Cut

Berkshire Hathaway Inc.-insured bonds tied to housing were cut one level to AA from AA+ by Standard & Poor’s after the ratings firm lowered its grade on the parent company last month.

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“All of these issues receive partial support via guaranteed investment contracts or investment agreements” from Berkshire or some of its subsidiaries, S&P said in a statement about the Omaha, Neb.-based firm led by Warren Buffett.


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